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1850 Liberty Seated Quarter Dollar - 1 Digit on Obverse Rim
by Greg Johnson
Liberty Seated coinage, particularly in the early 
  years of the design, has a large number of misplaced dates. In fact, there are 
  so many, and in so many different places – denticles, rock, gown, shield 
  – that one almost has to wonder what was going on. Those of us who study 
  die varieties might not even be surprised to find a date on Miss Liberty’s 
  face or in the obverse fields. While confessing great ignorance as to just how 
  the date punch was positioned in order to add the date to the working die, I 
  also have to admit that I have wondered if some of the mint employees of the 
  time were blind, drunk, or both. How many times did they miss the die entirely? 
  Was there a bench somewhere at the mint with dates of various sizes punched 
  into its surface? Perhaps employees, in scenes reminiscent of the The Three 
  Stooges, had dates accidently punched into various body parts?
  
  It’s easy to be critical from a distance of 170 years and I am certain 
  that positioning the date on the dies was far more difficult than we imagine 
  based on our personal experiences in 2012. And, that difficulty gives us much 
  interesting numismatic material to study. One of the most interesting, and arguably 
  the most extreme misplaced dates in the Liberty Seated Quarter series is the 
  1850 quarter with the base of a one on the rim. It appears the punch did, in 
  fact, very nearly miss the die entirely as the date was being applied.
  
  One notable feature of the 1850 “1 on rim” quarter, is that it is 
  difficult or impossible to attribute in low grades. The rim, being the highest 
  point of the design, wears away first, tending to obliterate the “1” 
  on most coins grading below XF. The 2007 LSCC survey indicated that 1850 quarters 
  without the extra digit outnumbered those with by a count of 26 to 17. As expected, 
  only 2 coins with the extra 1 were reported in grades from AG – VF, whereas 
  there were 17 coins in that grade range without the 1. The grades XF and above, 
  in contrast, featured 15 coins with the extra digit, and only 9 (including two 
  proofs) without. Though partly speculation, I tend to believe that somewhat 
  more than half of 1850 quarters are the variety with the extra 1; but the two 
  obverse dies that have been identified are too similar to prove that with coins 
  grading below around VF 30 by today’s standards.
 
  
The 1850, as a date, is scarce and pretty well 
  known by collectors as a better date in the series. Its rarity increases with 
  grade to the point that it was considered to be R7 (4-12 known) in mint state 
  by Briggs in 1991. Though the past twenty years have seen additional examples 
  come to market and, arguably, a loosening in the definition of mint state, the 
  issue remains about R6- in mint state (estimated 25-30 examples). Amongst mint 
  state Philadelphia quarters certified at PCGS the 1850 ranks fourth (behind 
  the 1848, 1869, and 1842) with 14 “grading events” for mint state 
  coins. 
  
  References
  
  The Comprehensive Encyclopedia of United States Liberty Seated Quarters, Larry 
  Briggs (Lima, OH 1991)
  Gobrecht Journal Issue #102
  
  Photos Courtesy of Heritage Archives